Economy
Economic sentiment sees minor slide in June, consumer confidence drops sharply
There was a small slide in Greece’s economic sentiment (ESI) in June to 106.1 points, from 107 in the previous month, according to European Commission figures released on Friday.
Building activity collapses by 41.3 pct YoY in Mar due to uncertainty over construction code
Building activity tumbled in March with a collapse of 41.3 percent year-on-year, after a sharp drop of 21.9 percent YoY seen in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Strong income tax revenues and contained spending maintain budget outperformance in May
The budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared to a surplus of 3.2 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
The Parliamentary Budget Office (PBO) published its quarterly report on Tuesday, where the stable economic outlook and the solid fiscal performance were reaffirmed, though the PBO does see challenges mostly due to geopolitical instability and trade-related tensions.
Conflict in Middle East puts fresh pressure on economy
The relative stability and calm that the Greek economy profited from over the last couple of years has started to look like a thing of the past over the past few days as tension in the Middle East flared up, threatening a protracted conflict in the region, which will have a global impact and will affect the growth outlook for Greece.
Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
Greece's travel balance recorded a surplus of 778.6 million euros in April, compared to 220.9 million euros in March, according to data released by the Bank of Greece (BoG) on Monday.
Industrial turnover falls by 9.1 pct YoY in Apr, driven by foreign markets and manufacturing
Greece’s industrial turnover accelerated its sharp decline in April, with a drop of 9.1 percent year-on-year (YoY), from a 5.1 percent decrease in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit improves to 2.11 bln in Apr, broadly stable in 4M
Greece’s current account recorded a deficit of 2.11 billion euros in April, from a deficit of 3 billion euros in March, Bank of Greece (BoG) data released on Friday showed.
Union report sums up grim state of wages, policy shortcomings
The latest annual report by Greece’s largest union, GSEE, captures the grim picture regarding wages in Greece and the spending power of workers.
Car registrations rise by 13.5 pct YoY in May to highest since 2010
Vehicles going into circulation for the first time rose by 16.3 percent year-on-year (YoY) in May, after an decrease of 2.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.